24 September 2016

Can the Alang shipyard
model of dismantling ships from around the world, and becoming a global centre
for ship-breaking and ship-recycling, be replicated for recycling automobiles.

A vehicle-scrapping plan is being proposed by the government for
15-year-old heavy and medium commercial vehicles, as it would not only boost
growth of the Indian automotive industry with renewed demand, but would also
help the generation of raw materials for the industry, Gadkari said. (PTI)

Can the Alang shipyard model of dismantling ships
from around the world, and becoming a global centre for ship-breaking and
ship-recycling, be replicated for recycling automobiles? Nitin Gadkari, Union
minister, MoRTH (ministry of road transport and highways) and shipping, urged
industry to set up vehicle recycling businesses along the coast of the country,
with port connectivity, to create an ecosystem for dismantling old vehicles and
recovering precious metals. These players could not only recycle automobiles
from India but also accept vehicles for recycling from across the world, he
suggested.

A vehicle-scrapping plan is being proposed by the
government for 15-year-old heavy and medium commercial vehicles, as it would
not only boost growth of the Indian automotive industry with renewed demand,
but would also help the generation of raw materials for the industry, Gadkari
said. Recycling of aluminium, copper, steel and plastic will enable automotive
companies to get raw materials at a cheaper price and improve their
competitiveness in the market, he said. Industry is currently importing these
raw materials at a higher price. These imports could be reduced and foreign
exchange conserved, he pointed out. The minister was speaking at the AGM of the
Mahratta Chamber of Commerce, Industries & Agriculture in Pune on Friday.

Gadkari said those scrapping old vehicles will get
tax exemption from both the central and the state governments.